Bank of China's SmartSaver Appealing at up to 3.55% Interest Income. We compare against OCBC 360, UOB ONE and iSavvy | Investment Moats Skip to Content

Bank of China’s SmartSaver Appealing at up to 3.55% Interest Income. We compare against OCBC 360, UOB ONE and iSavvy

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Anura

Tuesday 23rd of February 2016

ALL of your tables for BOC except for all 3 hurdles are wrong! You need to fix them properly! They are really simple numbers!

Ryan

Sunday 14th of February 2016

Seems like a very misleading comparison? The article above did not take into account of the different Tier interesr rate? For example, UOB ONE If you have 60K, the Interest received should be still at least 800 per year with just CC spending? Why Interest on MAX become ZERO when you hit 60K and above? 0 to 50K should still get at leat 800, A 50 - 60K is zero. So total received should still be 800?

Kyith

Monday 15th of February 2016

Hi Ryan,

I think it is not misleading if you find an error in the presentation. i see what you are trying to say, you do not earned on the $10,000, but you do earned on the $50,000. The interest should stagnate not drop. I accept that error, but i think the conclusion will still be the same.

Dexter

Tuesday 12th of January 2016

Hi Kyith

For BOC SmartSaver, am I right to say that the bonus interest 1.55% p.a. for spending at least S$500 applies to both the debit cards they issued when you open this account?

Kyith

Thursday 14th of January 2016

hi dexter, unfortunately i have not verified this portion

Ben

Tuesday 1st of December 2015

I think BOC is not new in Singapore, it was setup in Singapore 80 years ago and actually older than other local banks. It is one of top banks in the world. We are not familiar with it may be due to its less concentration in personal banking.

Kyith

Tuesday 1st of December 2015

Hi Ben thanks for that, i think most of us are not familiar with it, because less of us do not make use of their services.

Yi Feng Leong

Saturday 21st of November 2015

Hi Kyith, For BOC Smart Saver, why the interest rate hit 2.5% for 3 payments + credit salary? It should be 1% + 0.4% + 0.6% so sum up 2% right? And for Credit Salary + Spend on Credit Card, the highest rate should be 1% + 1.55% right?

Kyith

Saturday 21st of November 2015

hi Feng Leong, you are right. I amend it. Sorry i got it wrong

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